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BOARD OF GOVERNORS OF THE FLDERAL RE3ERVF SYSTTli G.16 . December 3 , 1?57 CONSIG-m INST.'IMENT CREDIT AT COMSRClAL" BANKS. OCTOBER 1957 Consumer i n s t a l m e n t c r e d i t h e l d by .commercial banks amounted t o [-12,729 m i l l i o n a t t h e end o f O c t o b e r , 0 9 1 m i l l i o n • above t h e p r e c e d i n g month-end.. The O c t o b e r e x p a n s i o n r e f l e c t e d i n c r e a s e s i n each t y p e o f c r e d i t , b u t p r i n c i p a l l y i n a u t o m o b i l e and o t h e r consumer goods p a p e r . . E x t e n s i o n s o f c r e d i t during O c t o b e r w e r e 0 6 l m i l l i o n l a r g e r t h a n i n t h e ' p r e c e d i n g month as a r e s u l t o f i n c r e a s e s i n . a l l t y p e s o f c r e d i t . T o t a l e x t e n s i o n s were about 5 p e r c e n t above a y e a r a g o . Consumer I n s t a l m e n t C r e d i t a t Commercial Banks ( e s t i m a t e s . I n m i l l i o n s of d o l l a r s ) Amounts o u t s t a n d i n g Change f r o m : O c t . 3 1 , Month ;i Year ago j ago 1957 Type o f c r e d i t automobile paper Purchased Direct O t h e r consumer r o o d s p a p e r R e p a i r and m o d e r n i z a t i o n l o a n s Personal- loans Total Oct. 1957 Volume extended Change from: Month Yea ! ! • 1,002 j j I 1^69 2,L59 2,165 . + 30 + 1 + 33 + 17 + 10 + + + Ll8 279 130 ,+ 60= + 220 369 231 280 108 309 +1,123 1,300 12^729 + 15 + h +to *h0 + 2i -50 •13 - 3 + 20 + 61 +_56 + 5. Federal-Reserve- D i s t r i c t : ; Boston--'. I:evr York - Philadelphia Cleveland Richmo-nd Atlanta . Chicago S t . Louis Minneapolis Kansas C i t y Dallas San ' F r a n c i s c o 662 + 5 /6y + 5 677 619 890 : i i: 2,201. 1^966 563 L22 , I I 570 722 2,0L0 + 13 + 6 +UI4. + 5 59 190 119 86 52 + 3 86 + 5 65 90 9h + h - 3 217 220 + 28 + 3 + 2 + 2 0 + 12 70 213 86 60 62 lOli 85 62 79193 -2h + 12 + 6 U7 - 1 + 3 + 3 + 7 + 12 + 13
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